Eli5; space x forcing index funds to buy their stock..yah or nay?

[Gamisch]

I'm making some cash and right now its sitting passively. Safe, but stagnant obly increasing because I'm living stacking ,working hard and monitoringmy expenses

..and yet every time when I'm considering investing something comes up that makes me hesitant.

Now, recently I've heard that space x forces index funds to buy in despite being a losing company. Some say its gonna be a gaint rug pull

Can someone explain this like I'm a challenged 5 year old? Again, keep it simple please...rumors like this make me rather go the slow route and as they say in my native language " keep my money in my sock " instead of trusting it to something I honestly dont understand....and yet on the other hand the FOMO is also real..

Help a brother out!

 

[FlexpertHamilton]

You should have also prefaced this by saying "please don't comment if you have 'Elon Derangement Syndrome' too."

 

[Gamisch]

You should have also prefaced this by saying "please don't comment if you have 'Elon Derangement Syndrome' too."

???
Is that still a thing? Derangement syndromes?

Anyway, do you know how this works regarding the sp500 and IPOs?

 

[FlexpertHamilton]

???
Is that still a thing? Derangement syndromes?

Yes, in fact it's gotten even worse for the people who have them.

I actually would like to know this stuff too, but there's a good chance anyone who talks of this will be heavily biased.

 

[Gamisch]

Yes, in fact it's gotten even worse for the people who have them.

I actually would like to know this stuff too, but there's a good chance anyone who talks of this will be heavily biased.

Okay. I somewhat misunderstood the deranged part my bad. I was merely hoping that anyone with trading experience could explain it all in layman's terms.

Apart from how one feels about Elon Musk.I dont really care about his persona tbh. Because I dont wanna feck around with my hard earned money I wanna make well informed choices!!

On one hand it's all looks like a scam, on the other hand it looks like an opportunity...oh well I just keep my cash in my stacked in my pillow.